Travel & Leisure HR chief sells 32,691 shares

Travel & Leisure Co.’s Chief Human Resources Officer, Kimberly Marshall, reported selling 32,691 shares of common stock on July 23, 2026 at $75.00 per share in a sale described as an open market or private transaction.

Rhea-AI Filing Summary

Travel & Leisure Co.’s Chief Human Resources Officer, Kimberly Marshall, reported selling 32,691 shares of common stock on July 23, 2026 at $75.00 per share in a sale described as an open market or private transaction.

A footnote states this amount reflects both the sale and a 500-share reduction of previously reported beneficial ownership due to an administrative error. A separate holding entry notes that her restricted stock unit holdings include 13,758 RSUs that were previously omitted because of an administrative error.

Insider Trade Summary

Net Seller: 32,691 shares

Net Sell 2 txns

Insider MARSHALL KIMBERLY

Role Chief Human Resources Officer

Sold 32,691 shs ($2.45M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	32,691	$75.00	$2.45M
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 56,305 shares (Direct)

Footnotes (2)

1. F1. Amount of common stock reflects the reported sale and a reduction of 500 shares that were previously reported as beneficially owned due to an administrative error.
2. F2. Amount of restricted stock units (RSUs) includes 13,758 RSUs that were previously omitted due to an administrative error.

Key Figures

Shares sold: 32691.0000 shares Sale price: $75.0000 per share Beneficial ownership correction: 500 shares +1 more

4 metrics

Shares sold 32691.0000 shares Common Stock sold by Kimberly Marshall on 2026-07-23

Sale price $75.0000 per share Price for the 32,691-share sale on 2026-07-23

Beneficial ownership correction 500 shares Reduction of previously reported beneficially owned common stock due to administrative error

Previously omitted RSUs 13,758 RSUs Restricted stock units added to reported holdings after prior administrative omission

Key Terms

restricted stock units (RSUs), beneficially owned, administrative error, open market or private transaction

4 terms

restricted stock units (RSUs) financial

"Amount of restricted stock units (RSUs) includes 13,758 RSUs that were previously omitted"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

beneficially owned financial

"500 shares that were previously reported as beneficially owned due to an administrative error"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

administrative error financial

"previously reported as beneficially owned due to an administrative error"

open market or private transaction financial

"Sale in open market or private transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Travel & Leisure Co. (TNL) report for Kimberly Marshall?

Travel & Leisure Co. (TNL) reported that Chief Human Resources Officer Kimberly Marshall sold 32,691 shares of common stock on July 23, 2026 at $75 per share, described as a sale in open market or private transaction.

How many TNL shares did Kimberly Marshall sell and at what price?

Kimberly Marshall sold 32,691 shares of Travel & Leisure Co. (TNL) common stock at $75 per share. The reported figure incorporates both the sale itself and an adjustment for previously misreported beneficial ownership related to an administrative error.

What corrections to previously reported TNL share ownership were disclosed in this filing?

A footnote explains that the common stock amount reflects the sale plus a 500-share reduction in previously reported beneficially owned shares, correcting an administrative error. This means earlier filings overstated Kimberly Marshall’s common share holdings by 500 shares.

What change was reported in Kimberly Marshall’s TNL restricted stock unit (RSU) holdings?

The filing notes that her restricted stock unit holdings now include 13,758 RSUs that were previously omitted due to an administrative error. This updates the reported number of RSUs associated with Kimberly Marshall in Travel & Leisure Co. (TNL).

Does the TNL Form 4 indicate use of a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox in the Travel & Leisure Co. (TNL) Form 4 is not marked, so the sale of 32,691 shares by Kimberly Marshall is not affirmed in the form as having been executed under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/24/2026 - 04:11 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MARSHALL KIMBERLY

(Last) (First) (Middle)

C/O TRAVEL + LEISURE CO.

501 WEST CHURCH STREET

(Street)

ORLANDO FLORIDA 32805

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Travel & Leisure Co. [ TNL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/23/2026		S		32,691	D	$75	0(1)	D
Common Stock								56,305(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Amount of common stock reflects the reported sale and a reduction of 500 shares that were previously reported as beneficially owned due to an administrative error.

2. Amount of restricted stock units (RSUs) includes 13,758 RSUs that were previously omitted due to an administrative error.

Remarks:

	/s/ Jeff Zanotti as Attorney-in-Fact for Kimberly Marshall	07/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)